As an entrepreneur how do u set price for the commodity you are selling
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Since commodities are traded on exchanges, their prices are not set by a single individual or entity and many economic factors that will have an effect on the price of a commodity. However, each commodity is unique and will have a different set of catalysts that can move the price each day. For other commodities, such as crops, weather plays an extremely significant role in price changes. If the weather in a certain region is going to affect the supply of a commodity, the price of that commodity will be affected directly.
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